Jack Henry & Associates, Inc. $JKHY Stock Position Lowered by Curated Wealth Partners LLC

Curated Wealth Partners LLC cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 70.1% in the third quarter, Holdings Channel reports. The institutional investor owned 3,030 shares of the technology company’s stock after selling 7,087 shares during the quarter. Curated Wealth Partners LLC’s holdings in Jack Henry & Associates were worth $434,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Lansforsakringar Fondforvaltning AB publ lifted its position in shares of Jack Henry & Associates by 0.3% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company’s stock valued at $3,598,000 after buying an additional 71 shares in the last quarter. Essential Partners LLC grew its stake in Jack Henry & Associates by 65.8% in the 1st quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after acquiring an additional 73 shares during the period. Petros Family Wealth LLC grew its stake in Jack Henry & Associates by 5.7% in the 1st quarter. Petros Family Wealth LLC now owns 1,451 shares of the technology company’s stock valued at $229,000 after acquiring an additional 78 shares during the period. Empirical Finance LLC increased its holdings in Jack Henry & Associates by 3.3% in the 2nd quarter. Empirical Finance LLC now owns 2,576 shares of the technology company’s stock worth $355,000 after acquiring an additional 82 shares in the last quarter. Finally, JGP Wealth Management LLC increased its holdings in Jack Henry & Associates by 0.7% in the 3rd quarter. JGP Wealth Management LLC now owns 11,985 shares of the technology company’s stock worth $1,717,000 after acquiring an additional 84 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 2.1%

Shares of JKHY opened at $153.19 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a one year low of $121.04 and a one year high of $193.39. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.78 and a beta of 0.56. The stock has a 50 day moving average price of $156.50 and a 200 day moving average price of $148.88.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.13. The company had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 EPS. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 7.32 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Analysts Set New Price Targets

Several research firms have issued reports on JKHY. Seaport Research Partners assumed coverage on shares of Jack Henry & Associates in a report on Monday, September 28th. They set a “buy” rating and a $193.00 price objective on the stock. Bank of America started coverage on shares of Jack Henry & Associates in a research note on Thursday. They set a “neutral” rating and a $165.00 target price for the company. Morgan Stanley cut their target price on shares of Jack Henry & Associates from $170.00 to $158.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 30th. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Finally, Barclays raised their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company that provides software, payment processing and related services to banks, credit unions and other financial institutions. Founded in 1976 and headquartered in Monett, Missouri, the company serves primarily U.S.-based community and regional financial institutions.

The company offers core processing platforms for banks and credit unions, including Jack Henry Banking and Symitar solutions. Its products and services support account processing, lending, deposit operations, financial reporting, digital banking, mobile banking and customer relationship management.

Jack Henry also provides payment processing, card services, electronic funds transfer capabilities, online account opening, cybersecurity, document and information management, business intelligence and other technology services.